Lord Deighton hardly ever rebelled against their party in this parliament
My Lords, I congratulate my noble friend Lord Naseby on securing a prompt date for the Committee stage of this important Bill. The Government are supportive of the key objective of the Bill, which is to provide mutual organisations with a means to raise external capital in a way that preserves the mutual status of those firms. The mutual sector has made the case that current capital...
The European Central Bank carried out a ‘Comprehensive Assessment’ of the banks which are now under its supervision. This identified 13 banks as needing to increase their aggregate capital by an estimated €9.5 billion. Of these, four were in Italy (requiring €3.31 billion); two in Greece (€2.69 billion, but EU re-structuring plans means that essentially very...
The Government is clear that consumers must be able to access clear and transparent information about the charges that may apply to financial services products easily. In relation to current accounts, the Government reached an agreement in November 2011 with the major providers to enable customers to manage their account and to take action to avoid bank charges. Under the agreement, all...
Became a Lord on 1 November 2012
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